2011 Casascius Coin Redeemed for $1.78M Amid BTC Selloff

On June 4 a 2011 Casascius physical bitcoin containing 25 BTC was redeemed for $1.78 million during an ongoing market selloff. The development follows June 2 reports of $731 million in crypto liquidations that saw NEAR and Worldcoin outperform. Both source articles, however, returned error pages—a Cloudflare 521 on June 2 and a 404 on June 4—leaving no price data, commentary, or verifiable market impact on BTCUSD available for analysis.